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Silver Price Wedged Against Support Ahead of Trump’s Liberation Day Address

From forex.com

Silver finds itself wedged up against uptrend support as we enter Liberation Day, providing a two-way setup depending on how risk appetite evolves to what U.S. President Donald Trump unveils in the White House rose garden after market close on Wednesday. While the risk of a squeeze is there considering how much bad news has been factored in, anyone contemplating long setups before the event needs to ensure risk management is front-and-centre of their thinking. {graph} You can see the abovementioned uptrend on the daily, reverting to support in late March after a third downside rejection. It was tested again on ... (full story)

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  • Category: Technical Analysis